The Global Climate Finance Centre (GCFC) was officially launched at COP28. The centre is dedicated to overcoming obstacles associated with financial frameworks that impede investment flows, and aims to ensure climate finance becomes "available, affordable, and accessible."
The centre’s nine founding members have now confirmed their membership of the independent research and advisory hub, based in Abu Dhabi. The founding members are the World Bank Group, HSBC, Masdar, Ninety One, ADGM, ADQ, BlackRock, CIFF and GFANZ.
The primary functions of the GCFC include the provision of advisory services, leading research and best practices, and creating a Climate Finance Academy to advance expertise in green finance markets. The GCFC aims to foster growth in the green finance market and promote investment in low carbon initiatives, as well as enhancing the capacity in UAE and worldwide financial institutions.
We are hopeful that the GCFC will provide much needed clarity regarding climate financing, and allow our clients to focus on providing financing for and development of low carbon initiatives across our core sectors including infrastructure, energy and real estate.
